See lower levels in REC, says Sudarshan Sukhani

One can see lower levels in Rural Electrification Corporation (REC), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I was upbeat that Rural Electrification Corporation (REC) has completed its downtrend bear market, it is on a roll. It has broken Rs 225 support level then Rs 200 support, nothing is left to support it and hold it. So, REC is looking at lower levels and when blue chip starts giving this signal, it is worrying.”
The company's trailing 12-month (TTM) EPS was at Rs 27.90 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 7.44. The latest book value of the company is Rs 149.32 per share. At current value, the price-to-book value of the company was 1.39. The dividend yield of the company was 3.61%.
The share touched its 52-week high Rs 267.50 and 52-week low Rs 142 on 04 January, 2013 and 07 June, 2012, respectively. Currently, it is trading 22.36% below its 52-week high and 46.27% above its 52-week low. Market capitalisation stands at Rs 20,509.52 crore.